London – VIJAY SHAH via KALYEENA MAKORTOFF and Independent
The uncertainty about the political and economic ramifications of the United Kingdom’s exit from the European Union next year have set European businesses with operations in the UK on edge in the past year. Now Swiss banking giant UBS is the latest bank to doubt its ongoing presence in Britain after the withdrawal, with UK newspaper The Independent reporting recently that the bank is planning to move jobs from London to Germany.
As talks between Britain’s prime minister Theresa May and the European Commission see trade deals and negotiations complicated and rejected left and right, UBS has said it expects to merge its British arm with its Germany-based European facility before the Brexit deadline of 29th March, 2019.
Many of the senior staff in London will be transferred to positions in Europe, mainly in Frankfurt, with the ‘lack of a Brexit transition deal’ being the main reason, causing considerable headache for UBS senior executives worried about possible fallout to the UK’s finance industry, of which UBS is a major player.
The move will mostly affect staff who serve Europe-based clients as well as those working in the bank’s central risk management and support services, which will be centralised in Frankfurt.
UBS said its plans would be put in motion “in the absence of adequate transition relief being agreed and passed into law by the United Kingdom and the European Union”.
“The nature of the UK’s future relationship with the EU remains unclear,” UBS said.
“Any future limitations on providing financial services into the EU from our UK operations could require us to make potentially significant changes to our operations in the UK and the EU, and to our legal structure.”
It added: “We further anticipate that some staff would be relocated as a result.”
Many in the UK financial industry had been hoping for the maintenance of ‘passporting rights’ which allow UK and mainland European institutions to operate seamlessly in each other’s territory with few restrictions, but the dithering in the Brexit negotiations casts doubts in any future interconnectivity between the two.
UBS had not formally stated how many jobs will move from Britain, but the Independent has stated that the number will be in the region of 200. The bank does plan to keep its UK wealth management, asset management and non-EEA investment bank business in the country, where it employs around 5,000 people, mainly in London.
“The timing and extent of the actions we take may vary considerably depending on regulatory requirements and the nature of any transition or successor agreements with the EU,” UBS said.
UBS follows in the wake of several other international finance leaders who are re-orienting themselves towards the Continent in the aftermath of Brexit. German firm Deutsche Bank plans to also move staff, possibly in the hundreds, out of London, while HSBC will relocate 1,000 jobs to France. Another thousand jobs will go with JP Morgan, which plans to beef up its European operations, while American heavyweights Goldman Sachs and Morgan Stanley may also move staff across various EU locations, according to the newspaper.
To celebrate the 100th anniversary of British women winning the right to vote in elections, the Museum of London is hosting the Votes for Women Weekend from today in honour of women’s suffrage, featuring various participatory activities for people of all ages, the magazine Skint London writes.
The event, which is being held over two days from 3-4 February, 2018 and is free entry, promises to be an immersive and fun experience celebrating this key milestone in universal suffrage, when women over the age of thirty finally won the right to help choose who governs us, after a long struggle.
Votes for Women Weekend will feature lots of performances, photography, workshops, poetry and other things to do. Visitors can take part in a re-enactment of a suffragette rally, which also has a trip through history to the present day, and a two-hour long ‘banner-thon’ where they can create their own digital banners in collaboration with the charity Digital Drama’s 100 Banners projects. The banners will be taken on a march to the UK parliament.
Herstory fans can also learn about how the early 20th-century police used photography to capture suffragette activities undercover, and even play suffragette-inspired games in an Edwardian living room, including one called ‘Pank-a-squith’, a board game said to be have conceived by the Suffragettes themselves.
There will also be a spoken poetry jam and a chance to discover stories about inspirational women and girls, as well as learning about significant participants in the struggle to gain women the vote, such as Millicent Fawcett and Sophia Duleep Singh.
British women received the right to vote on the 6th of February, 1918, after a long struggle by early women’s activists, known as the Suffragettes, who first planned their protests in the drawing rooms of Victorian Britain, before eventually taking to rallies, civil disobedience protests, and in some cases, even getting into trouble with the law.
It is the middle of summer, and in the UK, that of course means barbecue season. Families and people across the land will be pulling out their grills from the shed after a year of hibernation to fry tonnes of burgers, chops, sausages, kebabs and other meat and vegetarian products, but not all of them will reach the perfect sizzling conclusion, with a group of researchers claiming that up to 11 million British barbecue parties will be ruined this summer alone.
The main reasons for flaming failures, according to the research by meat trade agency Simply Beef & Lamb, are poorly cooked BBQ foods, followed by unwanted company, drunken guests and snacks or drinks running out. Other al fresco eating experiences could also be derailed by a lack of alcohol and bad taste in music or radio station selection. Burnt or undercooked food was the biggest risk factor for a ruined BBQ, with one in five Britons (22 per cent) complaining about it, according to the study, which surveyed a sample of 2,000 adults.
The massive amount of failed BBQs this year can also be put down to lack of skill in the relevant techniques with the study showing that one in five barbecue organisers struggling with the finer points of well prepared meat and poultry, and almost a quarter (24%) of participants going as far as branding the UK’s collective barbecuing a national disgrace. Twenty seven per cent of the sample claimed to be disgusted by seeing their food cooked on a dirty grill, with another twenty one per cent put off their burgers by guests exhibiting nasty eating habits or ‘table manners’. One in five respondents were annoyed by the British phenomenon of the ‘back-seat BBQer’ – guest who do not cook a single thing themselves but will hover around the person manning the grill, dispensing unwanted advice and criticism of their grilling finesse. Other respondents complained about groups of people huddling around the grill, public displays of affection, a lack of food and drink variety, and controversially, having to cater for vegetarian guests who cannot eat meat.
Simply Beef & Lamb also stated that the average adult will either attend or start up four barbecues in 2017, which adds up to 108 million cookouts among the UK’s 27 million households. The agency’s spokesperson, Nick White, spoke with SWNS news outlet, encouraging British families and friends to keep barbecuing, especially with steak:
“Following our survey, we are launching a campaign to get Brits grilling like Americans, Aussies and Argentinians.
‘We’re asking Brits to banish boring barbecue food and to come together to ‘raise the steaks’.’
‘It’s a misconception that steak is difficult to cook on the barbecue – it’s actually one of the quickest and tastiest meats to prepare on the grill.
‘There are numerous ways to enjoy it, from cutting it into kebabs to marinating it in different flavours.”
TOP 10 SIGNS A BARBECUE HAS FAILED:
People who are too drunk
Not enough food
Poor BBQ skills
Boring and predictable food
TOP 10 BARBECUE BUGBEARS:
Dirty BBQ grill
People with bad eating manners
Criticism and advice from ‘back seat’ BBQ-ers
The amount of smoke from the BBQ
Same old bangers and burgers
Vegetarians being awkward
Couples’ public display of affection
All the men huddling around the BBQ
The fact you spend hours cooking and then everyone is too drunk to eat
The Home Office, the UK government agency in charge of immigration and settlement matters, has announced via various reports that European Union nationals currently residing in Britain will be permitted to continue living there, ending a dilemma for hundreds of thousands of continentals worried about their status post-Brexit, the Guardian reports.
After the July referendum which saw the shock decision by just over half of British voters to get their nation withdrawn from the EU after forty years, European Union citizens were left in the lurch, unsure of their futures, as new prime minister Theresa May refused to give a final definition of their status. Her manoeuvre consisted of a criticised attempt to guarantee the rights of the 1.2 million British emigrants living in Europe, mostly in France and Spain.
It is expected that 80 per cent of the EU citizens currently in the UK will be allowed to stay after Britain triggers Article 50 on membership and leaves the union, widely expected to be in 2019. The 600,000 remaining will be offered an amnesty, the Guardian says. At one point, reports suggested that EU nationals who settled in the UK before the referendum would not be asked to leave. There are believed to be 3.6 million EU nationals working and living across the UK.
Home Office calculations were reported as saying that five out of six EU nationals could not be deported after the country leaves the EU.
A recent survey among UK cinemagoers has revealed that the Seventies musical Grease, starring John Travolta and Olivia Newton-John, is the most popular film of all time, SWNS news service reported recently. The romance between high school exchange student Sandy and her beau Danny, set in the 1950s with an iconic soundtrack from the era of fast Harleys and milk bars topped the most popular movie of choice in the poll amongst 2,000 British adults commissioned by www.OnePoll.com. On its release in 1978, Grease blew up the box office, receiving record numbers of cinemagoers thanks to its catchy songs and memorable performances, and it has been lauded by movie critics to this day, with review site Rotten Tomatoes, giving the film a four star rating of 78 per cent.
It’s sequel, Grease 2, as well as its numerous stage show spin-offs still continue to pull in audiences nearly forty years after its initial release.
Second place in the OnePoll survey went to time travelling caper, Back to the Future, closely followed by Eighties kitsch romance Dirty Dancing and Christmas favourites Home Alone and Love Actually.
Remarkably – despite being one of the highest grossing films of all time, Star Wars: Episode IV – A New Hope, is far down the list in 24th place – behind the likes of Mary Poppins and The Wizard of Oz.
A spokesman for www.OnePoll.com, said: “The results suggest Brits have a particular fondness for feel-good movies.
“Interestingly, the most popular films are relatively old – perhaps because evoke a sense of nostalgia, reminding respondents of their childhoods.
“This might explain why movie studios invest so much money in remakes and sequels as seen with the new Star Wars movie and the forthcoming Ghostbusters reboot.”
Indiana Jones and the Raiders of the Lost Ark came fifth, followed by Nineties favourite Titanic, which catapulted stars Kate Winslet and Leonardo DiCaprio into the limelight. Jurassic Park, the classic UK-made song and dance ditty Mary Poppins and children’s film series Toy Story completed the top ten of most adored films in UK cinemas.
Other popular films to feature in the top 50 include The Shawshank Redemption (11), E.T. the Extra-Terrestrial (17), Jaws (21) and The Lion King (25). Finding Nemo (27), Avatar (35) and Mean Girls (48) also made the list.The most popular film among men is Back to the Future, followed by Steven Spielberg’s classic swashbuckling tale, Raiders of the Lost Ark.
The Jurassic Park movies and their latest released sequel, Jurassic World, about a prehistoric theme park off the coast of central America, and which were also directed by Spielberg, came third among male cinema fans, with the Star Wars series coming off a respectable seventh.
Grease is solidly first place for women while Dirty Dancing is second. Third place belongs to Richard Curtis’ Christmas romance, Love Actually.
Action and adventure was found to be the most popular genre, followed by comedy and sci-fi. Romance only came sixth.
Despite recent box office misfires Johnny Depp, most famous for starring as the titular character of Edward Scissorhands, and the affable rogue Captain Jack Sparrow in the Pirates of the Caribbean films, is Britain’s most favourite actor followed by Tom Hanks and western movie legend and archetypal gunslinger, Clint Eastwood.
Dames Helen Mirren and Judy Dench are the most popular actresses among those polled, with multi Oscar winner Meryl Streep in third place.
A semi-retired builder searching for treasure in the east of the Englishcounty of Devonstruck historical gold after recently uncovering a hiddenhoardof around 20,000coinsdating from theRoman occupation of Britain, national newspaper theDaily Mailreports. The collection of coins, believed to be in the value of £100,000 (US $162,440) was chanced upon by builder and amateurmetal detectingenthusiast Laurence Egerton in east Devon, an area in south-westernEnglandfamed for its picturesque moors and fields.
The hoard of Roman money is believed to be one of the largest hauls of historical coinage ever discovered in the U.K. Egerton, aged 51, was in a local field searching for finds with his metal detector when he stumbled across the hoard of copper-alloy coins, possibly low-denomination coinage issued by theRoman Empirefor use by their colonists in their northern most province. The Daily Mail reported that Egerton was so concerned about the possibility of his hoard being stolen that he camped out in the field for three nights, guarding the discovery site while archaeologists arrived to explore the site in more detail.
Dubbed the Seaton Down Hoard, the assortment of 22,000 copper-alloy coins may have been the accumulated savings of a private individual keeping the money safe for a ‘rainy day’ or an informal and well-hidden bank of wages perhaps left by aRoman soldier. It is likely the hoarder died or lost track of the burial site leaving the coins to lay unseen for nearly two thousand years. A picture supplied to the Daily Mail by theBritish Museumand picture agency Apex shows the Seaton Down Hoard contained in a heavy duty plastic box. The coins appear in still good condition despite being buried for two millennia, but all show signs of corrosion, namely a green rust called verdigris, caused by the copper in the coins reacting with moisture and acids from their surroundings. Many of the coins bear the usual emperor’s profile ofRoman coinageand some show two standing figures which possibly have allegorical origins. An analysis by local historian Bill Horner determined that the coins dated back to between 260-348 AD and bear portraits of the Roman emperor Constantine, other emperors ruling alongside him, members of his family. Emperors that ruled either side of Constantine’s reign also make an appearance. According to Horner, Britain at that time was in a prosperous financial state with many Romans and natives flush with money. As one of the outermost provinces of the Roman Empire, Britannia, as the Romans knew it, was a relatively safe area at a time when rebellions on the European mainland against Roman colonial rule made matters unstable there. The Roman colonists in Britain escaped the worst of the tensions and maintained their high standards of living, building many luxurious villas in the south of England. However, freedom struggles and numerous invasions and episodes of infighting in the Empire soon brought financial uncertainty to the rich Romans and Romanised Britons of east Devon, who started hoarding as a security measure.
“Romanised farms, or Villas including several inEast Devon, were at their richest.
‘But the province was ultimately drawn intoImperial powerstruggles that, along with increasing attacks from Germanic, Irish and Caledonian tribes, resulted in the rapid decline and end of Roman rule.
‘Coastal areas such as East Devon were on the front-line, and this may be the context for the coin hoard.
‘There were no high street banks, so a good, deep hole in the ground was as secure a place as any to hide your savings in times of trouble, or if you were going away on a long journey.
‘But whoever made this particular deposit never came back to retrieve it” Horner explained.
Believed to have been buried in the4th century AD, the Seaton Down Hoard is only the third largest such discovery in recent times. In 2010, theFrome Hoardmade headlines with its total of 52,503 coins. The second largest was the Nether Comptonhoard of 22,703 found in the neighbouring county of Dorset in 1989. Laurence Egerton’s find has been declared ‘treasure trove’ under a Crown law for the protection of British antiquities. A Devon Coroner’s inquest held earlier this month saw the coins donated to the British Museum who are now holding the Seaton Down collection in storage.
A video shot by Egerton shows him wearing gloves and extracting the dirt covered coins from a pit in a muddy field. Despite the muck, archaeologists reckon that his find is one of the best preserved findings of coinage from the last centuries of the Roman Empire in Britain they have ever witnessed. The video later shows archaeologists working on site removing clumps of coins heavily concentrated in a non-descript part of the field.
Interest in the Seaton Down coins, which do not contain any gold or silver, have nevertheless soared between the many museums in Britain concerned with Roman antiquities. The Royal Albert Memorial Museum(RAMM) in Exeter, the county town (capital) of Devon already houses a formidable collection of Romano-British artefacts from the local area and is eager to acquire the coins, and is running a fundraising campaign to purchase the coins outright from the British Museum to display for the benefit of local historians, researchers and students.
Although only reported this month, Laurence Egerton made the initial discovery in November 2013 after obtaining permission from the landowner of the field in Honeyditches, eastern Devon, where previously the remains of a Roman villa, or country home had been noted. The find was then reported to the landowner, a privately-owned company named Clinton Devon Estates, in accordance with theTreasure Act 1996, a parliamentary legal instrument aimed at safeguarding artefacts of national and historical value.
In an interview with the Daily Mail newspaper, Mr Egerton said: “It’s by far the biggest find I’ve ever had. It really doesn’t get any better than this.
‘Between finding the hoard and the archaeologists excavating the site, I slept in my car alongside it for three nights to guard it.
‘On this occasion, the ground where I was working was quite flinty and I found what I thought were two Roman coins which is actually quite unusual in Devon.
‘As I began working in a grid formation in the surrounding area I had a signal on the metal detector which means that there is probably iron involved.
‘Most detectors are set up to ignore iron but I decided to dig the earth at that spot and immediately reached some iron ingots which were laid directly on top of the coins’
‘The next shovel was full of coins – they just spilled out over the field.“
The coins may have originally being held in a cloth bag at the time of their deposition, but that the ravages of time and chemicals from the nearby soil might have caused the bag to rot away leaving the coins to scatter underground. The find is said to be unusual for the region as the county’s acidic soils would normally decompose any metal left in it, yet the coins are in a remarkable state of preservation.
The United Kingdom, with the exception of Scotland, became part of the Roman Empire in a 55 BC invasion of the area by renowned emperor Julius Caesar, who wrested control from the numerous Celtic tribes previously settled there. Many of the conquered Celts were permitted to continue striking their own coins, which were often modelled on imported Greek coins but made more simplified by the native minters. The Romans began importing their own coinage, mainly to pay Roman soldiers and imperial mercenaries stationed in the UK, and also began minting coins locally and to celebrate their victories in Britain. The gold aureus was used for large payments, but not much for day-to-day transactions. It had a fixed value of 25 denarii until at least 200 AD. The silver denarius was the main coin of value in generalcirculation. The low value coinage of sestertii, dupondii, and asses was struck variously in bronze, orichalcum and copper. Denarii were paid to soldiers at a rate of one a day, while asses, or aes, were believed to have been used to pay for supplies obtained from local traders by the Romans. However by the time of the Seaton Down Hoard, Roman British coinage had become almost worthless owing to imperial financial mismanagement and debasing of the hard currency.
As the United Kingdom government prepares for a trade mission visiting China to woo the country’s investors to trade with Britain, a controversy involving a British company threatens to destabilise relations between the U.K. and China, overshadowing the upcoming visit. The international pharmaceutical giant GlaxoSmithKline (GSK) is currently under investigation by the Chinese government over alleged accusations that it behaved like a ‘criminal godfather’ in an expansive network of bribes and kickbacks.
The British Prime Minister David Cameron has stepped into the debacle by inviting the GSK chief executive officer Andrew Witty to join his delegation on the trade mission to the People’s Republic. Cameron’s invitation to Witty has raised concerns in some quarters that relations between Britain and China could degenerate if Witty participates in the mission, according to an article published today by the Huffington Postblog and news magazine.
The offices of GSK in Brentford, Middlesex, UK. One of the company’s main management offices in Britain.
GSK’s Chinese division, which employs a workforce of around 7,000, was placed under investigation in July 2013 over allegations that it behaved as a Mafia godfather, using its prominence in the Chinese drugs market to act as the ringleader of a nationwide medicines bribery network. The manufacturer is accused of channelling up to 3 billion yuan (£303 million) to several doctors, hospitals and clinics to boost its drug sales and rig the country’s pharma market in its favour. The bribery operations are believed to have run since 2007.
In an investigation lasting six months, Chinese police uncovered 700 middlemen who operated via GSK and transferred funds to hospitals and medical staff to encourage them to only prescribe GSK’s drugs to patients. The money was funnelled through a series of bogus travel agencies and consultancies, according to Chinese investigators. Middlemen would bribe senior GSK executives with favours, including alleged ‘sexual kickbacks’ and cash bribes, to win trading privileges. Doctors involved in the bribery network would be issued with special credit cards tied to GSK business accounts. The doctors would then collect financial incentives to prescribe GSK drugs rather than generics or products of rival manufacturers. One travel agency suspected by police to have links to the GSK bribery network never sold any airline tickets or holiday packages but still had a turnover of tens of millions of yuan. One Chinese newspaper claimed that the agencies would set up fictitious corporate meetings that required staff travel. The budgets for these meetings that were officially meant to go on staff travel expenses were taken off-book and used to line corrupt medical professionals’ pockets.
Four senior Chinese members of GSK’s staff have already been detained and the head of Chinese operations for GSK’s headquarters in the UK has left the country and not returned, according to The Telegraph newspaper. GSK has also been investigated over tax irregularities concerning its drug sales.
Gao Feng, head of the economic crimes investigation unit at the Ministry of Public Security, has expressed publicly the controversial belief among Chinese lawmakers that bribery is an ingrained part of GSK’s business dealings. Feng said in July: “From our investigation, bribery is part of the strategy of this company. This is why they have bribery activities in China.“
“They used travel agents as a money platform. But I must make it clear that among these partners, GSK is the main party responsible. It is like a criminal organisation, there is always a boss. In this game, GSK is the godfather.“
The investigators also claim that requests for information from GSK’s British headquarters have met with no response. Feng also stated then that similar bribery networks set up by other international pharmaceutical firms operating in China could also be uncovered by the police and ministerial investigation. Chinese patients have to pay up to 300 yuan for tablets that cost only 30 yuan to manufacture.
Andrew Witty is not only CEO of GlaxoSmithKline but also a business confidante of the British prime minister. He serves as a member of Cameron’s business advisory group. In response to the Chinese probe into his company’s financial dealings, Witty sent head of emerging markets Abbas Hussain to manage GSK’s response to the authorities’ accusations. The probe is expected to be completed this month.
GSK’s drug sales in the growing Asian superpower have plummeted since the probe began with a decline of 61%, which Witty has blamed on ‘scaremongering’ by the Chinese media. Last year, GSK made sales revenues of £759 million through pharmaceuticals and vaccines and had sustained a year-on-year increase in profitability in China’s rapidly growing medicines market, until Chinese consumers’ confidence in GSK was dampened by strong local media coverage of the scandal.
In response to the allegations, Witty said: “The activities described by the authorities are very serious and totally unacceptable. They are contrary to our values and to everything I believe in. We very clearly recognise there is a profound need to earn the trust of Chinese people again. We will take every action to do so.
“We continue to fully co-operate with the authorities and respect the progress of the investigation. As such there is very little further I can say.“
Earlier in July, GSK had promised full co-operation with authorities including closing down the travel agencies and conducting a ‘thorough review’ of all historic transactions conducted via the agencies and medics. An unidentified GSK spokesperson said “GSK shares the desire of the Chinese authorities to root out corruption. These allegations are shameful and we regret this has occurred“. The company has carried out a prior investigation internally into its financial practices and has found no evidence of wrongdoing or corruption, and promised to co-operate fully with the Chinese police.